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Loan Application Missouri Association of Councils of Government  Form

Loan Application Missouri Association of Councils of Government Form

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how did they do that through Federal guaranteed loans the government set up guarantee agencies that would guarantee the loans made by Banks were always paid back and what you really need to understand is how they made that happen the banks would give out the student loans just as normal but here's where the twist is for every single student loan that the bank gave out the government would give around 80% of the total value of the loan to guarantee agency then if a student didn't pay back their loan the government agency would buy the loan from the bank and attempt to collect on it

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